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India's Sensex closes below 15,000 level

Mohit Joshi 10 June 2008

BSE New Delhi - India's benchmark Sensex stock index extended its losses Tuesday, dropping 1.17 per cent on heavy selling by funds and investors.

The 30-share Sensitive index, which has lost more than 8 per cent of its value since last week, shed 176.85 points in the day's trading to end at 14,889.25 points, a level not seen in the past 11 weeks.

Aggressive selling was noticed in the metal and realty sectors.

The broader S&P CNX Nifty of the National Stock Exchange lost 51.5 points to trade at 4449.80, a drop of 1.14 per cent.

Pressure to sell came from a similar weakening trend in global markets and concerns about inflation. (dpa)

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